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B-A in Economics at Swami Ramanand Teerth Marathwada University
Nanded, Maharashtra
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About the Specialization
What is Economics at Swami Ramanand Teerth Marathwada University Nanded?
This Economics program at Swami Ramanand Teerth Marathwada University, Nanded focuses on foundational and applied economic theories, with a strong emphasis on the Indian context. It covers micro, macro, public finance, environmental, international, and development economics. The program aims to equip students with analytical skills vital for understanding complex economic phenomena and policy formulation, addressing current challenges in the dynamic Indian economy.
Who Should Apply?
This program is ideal for fresh graduates from diverse academic backgrounds who possess an analytical mindset and a keen interest in economic issues. It caters to individuals aspiring for careers in research, public policy, financial analysis, or further studies in economics. It also benefits those preparing for competitive exams in India, where economic understanding is crucial.
Why Choose This Course?
Graduates of this program can expect to pursue various career paths in India, including roles as economic analysts, data researchers, policy advisors in government bodies, and roles in banking or financial services. Entry-level salaries typically range from INR 2.5 LPA to 5 LPA, with significant growth trajectories in government sectors, NGOs, and corporate research divisions. It also prepares students for Master''''s degrees in Economics.
Student Success Practices
Foundation Stage
Master Core Economic Concepts- (Semester 1-2)
Focus on building a strong foundation in Micro and Macro Economics by thoroughly understanding demand-supply, national income, and basic market structures. Regularly revise definitions, theories, and models.
Tools & Resources
NCERT Economics textbooks (Class XI & XII), Mankiw''''s Principles of Economics, Khan Academy Economics modules, Peer study groups
Career Connection
A strong grasp of fundamentals is essential for cracking competitive exams (UPSC, RBI Grade B) and for advanced studies in Economics, serving as the bedrock for all future learning.
Develop Analytical and Problem-Solving Skills- (Semester 1-2)
Actively engage with numerical problems and case studies related to economic theories. Practice drawing and interpreting economic diagrams and graphs to visualize concepts effectively.
Tools & Resources
Solved examples from textbooks, Practice workbooks for Micro/Macro Economics, Online quizzes on economic principles
Career Connection
This skill is critical for roles requiring data analysis, forecasting, and policy evaluation in government, research, and corporate sectors.
Stay Informed on Current Economic Affairs- (Semester 1-2)
Regularly read reputable financial newspapers (e.g., The Economic Times, Business Standard) and watch business news channels to connect theoretical concepts with real-world economic events in India.
Tools & Resources
The Economic Times, Livemint, Business Standard, RBI Bulletin
Career Connection
Awareness of current affairs is crucial for interviews, group discussions, and for understanding the practical implications of economic policies in India, enhancing your employability.
Intermediate Stage
Deep Dive into Indian Economic Policy- (Semester 3-4)
Focus on understanding the nuances of Indian economy, public finance, and development challenges. Analyze government policies, budgets, and their impacts using official reports and data.
Tools & Resources
Economic Survey of India, Union Budget documents, NITI Aayog reports, RBI publications
Career Connection
This knowledge is highly valued for roles in government services, public policy think tanks, and research organizations focusing on Indian development.
Explore Environmental and Developmental Issues- (Semester 3-4)
Engage with the concepts of environmental sustainability and developmental economics. Participate in discussions, debates, or minor research projects on topics like climate change impact on India or sustainable development goals.
Tools & Resources
UNDP Human Development Reports, World Bank publications on India, Environmental blogs and academic journals
Career Connection
Opens doors to careers in environmental consulting, NGOs, international aid organizations, and roles focused on corporate social responsibility.
Enhance Quantitative Skills for Economic Analysis- (Semester 3-4)
Seek opportunities to develop basic statistical and econometric skills. Learn to use spreadsheet software (like Excel) for data manipulation and simple analysis relevant to economic data.
Tools & Resources
Online courses on basic statistics/econometrics, Excel tutorials, Datasets from NSSO, Ministry of Statistics
Career Connection
Quantitative skills are highly sought after in financial analysis, market research, and data-driven policy formulation, improving your chances for analytical roles.
Advanced Stage
Undertake Research Projects and Dissertations- (Semester 5-6)
Identify a specific area of interest within international or development economics and conduct a detailed research project or dissertation under faculty guidance. Focus on data collection, analysis, and interpretation.
Tools & Resources
Academic databases (JSTOR, ResearchGate), Statistical software (R, Python, SPSS - even introductory use), University library resources
Career Connection
Demonstrates research capabilities, critical thinking, and subject mastery, crucial for academic careers, policy research, and advanced postgraduate studies.
Prepare for Competitive Examinations and Higher Education- (Semester 5-6)
Begin systematic preparation for competitive exams like UPSC, RBI Grade B, or entrance exams for M.A. Economics programs. Focus on mock tests, previous year papers, and time management.
Tools & Resources
Coaching material for competitive exams, Online test series, University career counseling services
Career Connection
Directly impacts placement into prestigious government jobs or admission to top-tier universities for further specialization, significantly boosting career prospects.
Network and Seek Mentorship- (Semester 5-6)
Attend economics seminars, workshops, and guest lectures. Connect with faculty, alumni, and industry professionals to gain insights into career paths and opportunities in the field of economics.
Tools & Resources
LinkedIn, University alumni network platforms, Departmental events
Career Connection
Networking can lead to internship opportunities, mentorship, and valuable career advice, helping you navigate the job market and build professional relationships in India''''s economic landscape.
Program Structure and Curriculum
Eligibility:
- Passed 10+2 (H.S.C.) or equivalent examination from a recognized board.
Duration: 3 years / 6 semesters
Credits: 156 (for entire B.A. program, 48 credits for core Economics specialization) Credits
Assessment: Assessment pattern not specified
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-I | Micro Economics - I | Discipline Specific Core (Core) | 4 | Introduction to Microeconomics, Theory of Consumer Behaviour (Utility, Indifference Curve), Demand Analysis, Elasticity of Demand, Consumer Surplus |
| DSC-II | Macro Economics - I | Discipline Specific Core (Core) | 4 | Introduction to Macroeconomics, National Income (Concepts, Measurement), Classical Theory of Employment, Keynesian Theory of Employment, Circular Flow of Income |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-III | Micro Economics - II | Discipline Specific Core (Core) | 4 | Theory of Production and Cost, Market Structures (Perfect Competition, Monopoly), Pricing under Oligopoly & Monopolistic Competition, Factor Pricing (Rent, Wages, Interest, Profit), Equilibrium of Firm |
| DSC-IV | Macro Economics - II | Discipline Specific Core (Core) | 4 | Consumption Function, Investment Function, Theory of Money (Demand, Supply), Inflation (Causes, Effects, Control), Business Cycles |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-V | Public Finance | Discipline Specific Core (Core) | 4 | Nature and Scope of Public Finance, Public Expenditure (Theories, Growth), Public Revenue (Taxation - Principles, Types), Public Debt (Causes, Effects, Management), Fiscal Policy |
| DSC-VI | Indian Economy - I | Discipline Specific Core (Core) | 4 | Basic Features of Indian Economy, Economic Planning in India, Agriculture in India (Policy, Issues), Industrial Sector (Policies, Growth), Service Sector (Role, Growth) |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-VII | Environmental Economics | Discipline Specific Core (Core) | 4 | Introduction to Environmental Economics, Environmental Problems (Pollution, Resource Depletion), Environmental Policy and Instruments, Sustainable Development, Valuation of Environmental Goods |
| DSC-VIII | Indian Economy - II | Discipline Specific Core (Core) | 4 | Poverty in India (Causes, Measures), Unemployment in India (Types, Policies), Inequality and Distribution, Population Policy and Human Development, Foreign Trade Policy and Liberalization |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-IX | International Economics - I | Discipline Specific Core (Core) | 4 | Theories of International Trade (Absolute, Comparative Advantage), Terms of Trade, Gains from Trade, Free Trade vs Protection, Tariff and Non-Tariff Barriers |
| DSC-X | Development Economics - I | Discipline Specific Core (Core) | 4 | Economic Development vs Economic Growth, Characteristics of Developing Economies, Theories of Underdevelopment (Lewis, Rostow), Strategies of Development (Balanced, Unbalanced Growth), Indicators of Development |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| DSC-XI | International Economics - II | Discipline Specific Core (Core) | 4 | Balance of Payments (Components, Disequilibrium), Foreign Exchange Market (Exchange Rate Determination), International Financial Institutions (IMF, World Bank), World Trade Organization (WTO), Regional Economic Groupings |
| DSC-XII | Development Economics - II | Discipline Specific Core (Core) | 4 | Role of State and Market in Development, Planning in India (Objectives, Achievements), Poverty Alleviation Programmes, Population and Human Resource Development, Role of Capital and Technology |
